原文标题： Exclusive: China state oil majors suspend Russian oil buys due to sanctions, sources say 独家：消息人士称，中国国有石油巨头因制裁暂停购买俄罗斯石油 ※请勿删减原文标题 原文连结： https://tinyurl.com/2jpb92cy ※网址超过一行过长请用缩网址工具 发布时间： 2025.10.23 21:14 ※请以原文网页/报纸之发布时间为准 记者署名： By Chen Aizhu, Florence Tan and Siyi Liu ※原文无记载者得留空 原文内容： Summary ・US sanctions hit Moscow's two largest oil companies ・India poised to sharply cut Russian oil imports ・Russia faces demand drop from two biggest customers SINGAPORE - Chinese state oil majors have suspended purchases of seaborne Russian oil after the United States imposed sanctions on Rosneft and Lukoil, Moscow's two biggest oil companies, multiple trade sources said on Thursday. The move comes as refiners in India, the largest buyer of seaborne Russian oil, are set to sharply cut their crude imports from Moscow, to comply with the U.S. sanctions imposed over the Kremlin's invasion of Ukraine. A sharp drop in oil demand from Russia's two largest customers will put a strain on Moscow's oil revenues and force the world's top importers to seek alternative supplies and push up global prices. Chinese national oil companies PetroChina (601857.SS), Sinopec, CNOOC and Zhenhua Oil will refrain from dealing in seaborne Russian oil at least in the short-term due to concern over sanctions, the sources said. The four companies did not immediately respond to requests for comment. While China imports roughly 1.4 million barrels of Russian oil per day by sea, most of that is bought by independent refiners, including small operators known as teapots, although estimates of purchases by state refiners vary widely. Vortexa Analytics pegged Russian oil purchases by Chinese state firms at under 250,000 bpd for the first nine months of 2025, while consultancy Energy Aspects put it at 500,000 bpd. Unipec, the trading arm of Sinopec (600028.SS), stopped Russian oil buying last week after Britain designated Rosneft and Lukoil, as well as shadow fleet ships and Chinese entities including a major Chinese refiner, two trade sources said. Rosneft and Lukoil sell most of their oil to China through intermediaries instead of directly dealing with buyers, traders said. Independent refiners, meanwhile, are likely to pause buying to assess the impact of sanctions but would still look to continue Russian oil purchases, several traders said. Prior to Wednesday's sanctions announcement, offers for November-loading ESPO crude slid to a premium of $1 per barrel to ICE Brent, versus previous trades done in early October at a $1.70 premium. China also imports approximately 900,000 bpd of Russian oil by pipeline, all of it going to PetroChina, which several traders said was likely to be little affected by sanctions. India and China are expected to turn to other supplies, pushing up prices for non-sanctioned oil from the Middle East, Africa and Latin America, traders said. 摘要 ・美国制裁打击莫斯科两大石油公司 ・印度准备大幅削减俄罗斯石油进口量 ・俄罗斯面临两大客户需求下降 新加坡—多位贸易消息人士周四表示，在美国对莫斯科最大的两家石油公司俄罗斯石油公司和卢克石油公司实施制裁後，中国国有石油巨头已暂停购买俄罗斯海运石油。 俄罗斯海运石油的最大买家印度的炼油厂正准备大幅削减从莫斯科的原油进口量，以遵守美国因克里姆林宫入侵乌克兰而实施的制裁。 俄罗斯两大客户石油需求的急剧下降将给莫斯科的石油收入带来压力，并迫使世界主要进口国寻求替代供应，从而推高全球油价。 消息人士称，由於担心制裁，中国国有石油公司中石油（601857.SS）、中石化、中海油和振华石油至少在短期内将不再从事俄罗斯海运石油交易。 这四家公司没有立即回应置评请求。 虽然中国每天透过海运进口约 140 万桶俄罗斯石油，但其中大部分是由独立炼油厂购买的，其中包括被称为「茶壶」的小型炼油厂，尽管对国有炼油厂购买量的估计差异很大。 Vortexa Analytics 预计，2025 年前 9 个月中国国有企业从俄罗斯购买的石油数量将低於 25 万桶/日，而谘询公司 Energy Aspects 则预计中国国有企业从俄罗斯购买的石油数量为 50 万桶/日。 两位贸易消息人士称，在英国指定俄罗斯石油公司和卢克石油公司以及影子船队和包括一家中国大型炼油厂在内的中国实体後，中国石化 (600028.SS) 的贸易部门联合石化上周停止了俄罗斯石油采购。 贸易商表示，俄罗斯石油公司和卢克石油公司的大部分石油都是透过中间商向中国销售的，而不是直接与买家打交道。 同时，一些交易员表示，独立炼油商可能会暂停购买以评估制裁的影响，但仍会考虑继续购买俄罗斯石油。 在周三宣布制裁之前，11 月装运的 ESPO 原油报价已跌至每桶较 ICE 布兰特原油溢价 1 美元，而 10 月初的交易则为每桶溢价 1.70 美元。 中国也透过管道每天进口约 90 万桶俄罗斯石油，全部运往中石油，多位交易员表示，中石油可能不太受制裁影响。 交易商表示，预计印度和中国将转向其他供应，从而推高中东、非洲和拉丁美洲非制裁石油的价格。 心得/评论： 中国软了 不再买俄油 看来周末的马来西亚谈判情势不会再升级 俄乌战争或许也将接近结束 ※必需填写满30正体中文字，无意义者板规处分 --

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